2550 Quennell Rd
Nanaimo, BC V9X1K4
$2,395,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 41.49 acres
- Zoning
- Agricultural
AG1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $10,019.92
Interior
- Heating
- Forced air, Oil
- Cooling / A/C
- None
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Lake view
- Waterfront
- Waterfront on lake
Parking
- Total spaces
- 10
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | — |
| Storage | Lower level | — |
| Recreation room | Lower level | 14'7 x 28'6 |
| Primary Bedroom | Main level | 12'4 |
| Living room | Main level | 13'6 |
| Laundry room | Lower level | 13'5 x 8'2 |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Bedroom | Main level | 10'10 x 10'6 |
| Bedroom | Main level | — |
| Bathroom | Lower level | 4-Piece |
| Bathroom | Main level | 5-Piece |
Listing Information
- MLS®
- 1041869
- Listed
- June 30, 2026
- Time on market
- On the market for 63 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Island Living (PK) · Data source: CREA DDF.
Description
''LAKEFRONT FARM'' A rare offering on the shores of Quennell Lake, showcasing lake and mountain views. The home features 3 bedrooms, 2 bathrooms, and a spacious view deck overlooking the rolling pastures and shimmering lake. The outbuildings are extensive and well-suited for a variety of agricultural uses, including an 84'x48' production and processing building, a 40' x 60' quonset, an 80' x 60' potato barn, a 122' x 40' shop and storage building, plus two 100'x32' greenhouses. This property has a rich history, having been successfully operated as a potato farm and most recently a licensed cannabis grow facility. The 20 acre fertile floodplain field is made usable with a drainage/pump system (as-is) for water control. Rich organic soil makes this land ideal for high-value, intensive crop production. Includes secure fencing and gates. Water licence to the lake water to be verified by buyer. Property is being sold as-is where-is. Court ordered sale with court approval required. For more information contact the listing agent, Kirk Walper, at 250-228-4275. (id:63159)
Values & Trends
This listing
$998/sqft
Building average
—
No other active listings in this building
Cedar average
$694/sqft
30 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Cedar Elementary | Elementary | 1.7 km |
| Cedar Secondary | Secondary | 4.0 km |
| North Oyster Elementary | Elementary | 4.0 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 4.9 km |
| Cinnabar Valley Elementary | Elementary | 7.0 km |
| Chase River Elementary | Elementary | 7.3 km |
| Fulford Community Elementary | Elementary | 8.8 km |
| Ladysmith Intermediate | Elementary | 9.8 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($479,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.